Overestimate how much gas prices have risen: Survey

Overestimate how much gas prices have risen: Survey reports that many Americans think fuel costs have increased more than the data shows as Middle East fighting affects pump prices. A Politico poll released on Friday found about 3 in 5 U.S. adults believe local gas prices rose by more than the available statistics indicate. Nearly a quarter of respondents said prices in their zip code climbed by $3 or more, which the report says did not occur. The article says the average gas price this week is $4, fluctuating around that level since renewed U.S.-Israel strikes on Iran earlier this month, compared with about $3 before the war. It links the rise to Iranian restrictions on the Strait of Hormuz, which moves nearly a fifth of global oil supply, and to Houthi rebels’ involvement. The survey, conducted July 12-15 with 2,061 adults, also found 46% think gas prices could influence primaries and the midterm.